Africa’s greater economic resilience has not come about by accident. In large part, it’s a result of hard-won economic reforms. Over the past two decades, African policymakers have built a much more solid economic foundation. Among other measures, they have liberalized trade policies, reduced entry barriers to new businesses, privatized many state-owned enterprises, and boosted the reliability of critical infrastructure such as electricity generation and distribution. The vast scale of investment now taking place in Africa would not have been possible without such policy advances.